A new meme token named DogWifCat (DWFIC), operating on the Solana blockchain, has experienced a staggering surge of over 1,200% in value within the past 24 hours.
This remarkable rise has propelled DWFIC to $0.00640, as reported by crypto exchange Poloniex. During this surge, trading volumes for the token amounted to nearly $42,500 at the current valuation.
Despite its sudden prominence, there is limited information available regarding DWFIC. However, it is listed on the Jupiter and Raydium exchanges, with Poloniex recently joining the list of platforms facilitating its trading.
This surge in interest can be attributed to DWFIC’s resemblance to the popular meme token Dogwifhat (WIF). Notably, Dogwifhat has also experienced significant gains, marking a 20% increase in price to $2.89 and a 160% surge in trading volume, reaching $679 billion within the same 24-hour period, according to data from CoinMarketCap.
At present, Dogwifhat boasts a market capitalization of $2.8 million, positioning it as the fourth highest-ranking asset by this metric within the Solana ecosystem. It trails only Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) in market capitalization.
The surge in interest surrounding DWFIC is largely fueled by the fervent Dogwifhat community, which previously garnered attention by raising funds to display the project’s logo on a prominent building in Las Vegas. Notably, the owner of the dog image associated with the meme token sold its corresponding NFT for 1,210 Ether (ETH), equivalent to $4.3 million in value.
